Need Info On Developement
I have some land I would like to develop into lots, build homes and sell them. I have been in the building industry for many years just in another trade and have the knowledge and experiance to project manage the job But I have never done a developement like this . what I am looking for is anyone who can give me or tell me where I can get I line item list for developing the property into homes from 5-10 homes.
From zoning to getting the final C.O.
Thank You,
Mark <IMG SRC="images/forum/smilies/icon_confused.gif"> [ Edited by markcam on Date 12/14/2003 ]
Suggest you go through previous posts as this has been asked/answered before. Try searching "development"
Also look for post on boooks on developing.
Gregg
[addsig]
i am trying to put together the cost of project like engineers, site cost and luxury home costs if i gc myself i was wondering if plugging in 75.00 a sq.' to build would that be a rough number to start with . would like to build 10 or less 3000 sq' + homes on my land and want to know the costs on getting the land ready for building. i am in the tampa fl area and i will need a 750 foot road built is there a per foot cost that you calculate your estimate to be when looking at a property .
Thanks
Mark
You have already taken some of the first steps in developing. You have identified the property. Normally, the process starts with the land identified, the market identified, or the product identified.
So step one:
Identify the land, the market, and the product. If you have one you need to get the other two pretty clear. This means a market study (formal or informal) Once you have all three you are in good shape
Now assuming you know you want to build/develop, where you want to build and develop it, and who you want to do it for…you need to determine if the plan is economically feasible.
A developer is like a movie producer – we assemble all the talent and get the best of what they have to offer.
I will list some of these talents for you – they are not used in chronological order but in most cases you need all their efforts yesterday.
• Market Research Firm – what will your absorption be and for what product
• Engineering firm – can give you due diligence engineering estimates for infrastructure and site prep
• Title Company – prices and comps in areas
• Architect – Your product and some cost estimates
• Builder- help with design and costs
• Politician – zoning and planning help, RPD approvals etc.
• Advertising agency – help in defining your customer
• Realtor – help in selling and defining prices and customers
• Decorators – color selection, product selection
• Attorney- contracts, hidden bodies, etc
• Banks- the money
Hope this helps. Good luck.
Gregg
_________________
Gregg Fous
Investor/Developer
"Developers Make it Happen"
[ Edited by GFous on Date 12/16/2003 ][ Edited by GFous on Date 12/27/2003 ]